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Friday I finally wrote a couple covered calls on RIOT and MARA, and today I wrote the RIOT 7 put and MARA 9.50 Put, but who knows in this market it could get pushed down into those ranges again I dont know,
All in good time, all in good time.
As committed, I have started the buying, 230K so far today at .0072 and .0068 and bidding more. I am as bullish as ever especially with this price, and couldnt give a hoot about the economy with regards to these deals.
Took a stater position here looks good
Forced myself to buy a half mill shares
It’s just too cheap
Just like every other stock this is in the toilet. At 20 cents I will definitely pick up shares soon. For the last year its been hard to trade the stock due to low volume, though that has always been the case, I have been able to lower average a tiny bit here and there.
thanks good stuff, I have exposure now in RIOT, MARA, HIVE and BTBT, plus huge exposure to NILE, there is no hiding anywhere. My plan is to write some covered calls but everytime I have done that I get run over and walk away with normal profits. My feeling is that these stocks are so oversold they will literally explode and there will be no getting out of their way, so I would want to see the explosion get going and then write a call or two. I added MIGI to my ticker list. They're all oversold and liquid, it probably doesnt matter which ones you choose to buy and trade.
good for you, I picked up 217K between .0074 - .0076
10-Q Filed !
I see the normal banter back and forth here. I havent been buying but would like to buy at this price, I will have a huge cash position Monday and will certainly buy a few hundred K around .007 if available at that time which would get me to 6 mill total. Sometimes these pullbacks as painful as they are turn out to be gifts, this is one of those times. Now the real Q is not whether they will get deals done, oh they will get them done all right. The Q to me is what valuation will we get for the company. Will the current economy impact the pricing of a deal, it could, it could get us more bargaining power. As for the S-1/A filling, nothing we didnt already know.
Let these guys do what they need to do. Notice they even got rid of Shype FX b/c it didnt fit into the model they are developing. So focused, lovin it.
theres a few stocks that I see these 2500 bid/ask showing regardless of the real bid/ask, one of my other pennies BRSF does the same thing every time, no matter the amount on the bid or ask only shows 2500.
this is going to run like nobody's business. We're suffering like many of the OTC companies are. I have bought with all three hands and two feet and will continue to do so at this price but will leave it be for others once it crosses a penny.
thats amazing, I just got a fill 85K @ .0082 myself. Ive had to sell some other stuff to make room which is fine, sometimes you have to do that.
yeah me too, 100K @.0092. Crazy literally crazy.
Continuing to load up, this is beyond a steal at this point. The real question is not whether this is going lower, but what to do when it doubles and triples, to start. Probably take a little off the table I suppose.
Started to buy again today at a nickel, this is a real sleeper. Not bad considering the private placement was at around 5 cents American. Hope to get some in the .04s as well.
the drop in share price for the miners has been breathtaking. I picked up a few hundred the other day around 11.50 and now another hundred at 10.20 post-market. This is unbelievable, I mean, its as if the market is predicting a collapse in bitcoin. Meanwhile RIOT sold a bunch of coin at $47K last month, smart, take off the table at good prices. People might say, hah! thats dumb, why sell when its going to da-moon. Well, it may not go to da-moon and if so we dont know when, and keep cash on hand for expenses. But 10 bucks a share for RIOT, are you kidding me, my goodness, sure it could go down further, but we are reaching such oversold levels, it just has to bounce.
here we are cycling around a buck. News has had no impact. Time will get this where it needs to go. Hopefully they are using the money wisely. So DPW Lending paid 1.50/share the other day, must be worth at least that you'd think, then again, it was DPW Lending, incest is best. Need a nice spike so we can write some options, right now its not worth it, there's hardly any premium
I own almost 230K of this beast, talk about a disappointment. Please get us out of this mess, this is beyond nuts.
we need to get ourselves out of this pit, it will happen, I just dont know when.
actually with a recession looming, I dont think its necessarily a bad thing. TLSS can negotiate a better deal I'd think, they're shrewd for sure.
loaded up bigtime down in the .012 - .014 range almost half a million shares. blood in the streets, this is it.
I like the letter, like I have said, he's a professional. Keep buying if it keeps dropping.
Was anyone lucky to pick up in the .006s, I was busy on some other trades and managing my short positions. I have the cash but I am not overdoing it, I'd be buying in 150K lots in the .006s. Problem is that this is taking longer than most anticipated and with the market selloff people get nervous, understandable. I literally cant wait for an announcement, and this will balloon from these levels if its still trading at these levels at that point. Screaming buy in my opinion.
trust me Scotty, something is happening. I know its taken a long time to get to this point, and certainly there are no guarantees, but the bottom line is that mexico is so corrupt and so difficult that its nearly impossible to do a deal with them in this space, but we are trying, hard. Hang tight, at least you'll be able to trade shares soon, I hope it's liquid, and without powerup in the mix, things should be fairly free trading, should be fun my man.
It had to be disconnected in the process of moving, it will be re-connected soon if not already.
Filings are coming, in a different format but suitable for all of us to trade the stock again and make money,
Business side is moving forward. I am bullish but not as much as I was in previous times, but that's fine, time wears you out.
Why dont you go back and find such a post and repost it here. I am confident you wont find such a post b/c I dont make such statements
You really never know with these things, I wouldnt get caught up in the minutia, there could be more downside, or there could not be more downside. What matters is, is this a good price down here or not. If it is, then buy, and I have bought.
this is like taking candy from a baby. 350K today, so far. If they do any deal, I dont see how one can lose at this price.
All I can say is that I am extremely disappointed about the amount of dilution that took place, completely unnecessary if the money had been raised even 6 months ago WHEN THEY KNEW THEY WOULD NEED IT.
Now here we are a few pennies above where we started on Friday, so discouraging. I could only write $750 worth of calls yesterday, nothing to write home about, but man I am ready and waiting on the next spike, so help me, need to raise cash with so much tied up here.
what are you laughing at, the filings will be filed, they may not be the filings that we are used to, but who cares, the stock will trade and you can sell and buy. Meanwhile we engage with mexico to seal the deal.
With regards to the constitutional reform that failed to pass, it is not clear to me whether that would have affected us anyway, but I think its still better that it didnt pass for our concerns.
Landtosea, the filings are being worked on. What you need to decide is what to do when we get current. Hopefully you are ready to buy with two hands, depending on the price of course.
Tt what in the world are you talking about with regards to what I posted?
I think we will be just fine, if we get a spike I'll write the appropriate number of call options to raise some cash and/or take some profits, I have too much stock.
You were dead wrong, dead dead wrong. And you were swaying me with your rhetoric, gets me angry, not so much at you but at myself for not adding one plus one to get two. TON of dilution but also the assets are decent which I know he loves emphasizing that. Lets see what Monday brings, but certainly we should be able to trade higher, downside really should be limited I will go out on a limb and say that for sure.
I remember it well, very, very well. That initial investment of 1.5 million they made, today is worth 1/800th (two reverse splits and current price about the same as it was then) or $1,875, wow, wow, wow, and he hasnt given up. His sacrifice paved the way for the rest of us to have success, I am so so grateful. But he will have his day in the sun.
I think its very difficult to figure out that kind of stuff - I do think the direction of price on the options expiry can be related to the number of options at each strike, but I honestly dont know how to read or predict that, and I dont think its even possible to do reliably, I just dont know. The best approach is to have written options at various strikes and expirations which give you profits regardless, not as much as if yu picked the "perfect" combination but again that's the whole point of writing options - you dont know and really neither does anyone else, so you may as well get something to your advantage and options allow for that.
Well the 2.50s certainly did expire worthless today, but actually the May 2.50s are not too too bad at 20 x 25. So maybe I would write some starters at .25, with GTC orders at .30, .35, .40 which would be reasonable for a months time, but gotta do something. After all of this trading I have a cost basis of $1.66/share, eh, it's ok but I sold too much stock at lower prices and wrote too many of the April 2.50s with lower premiums (even though they were all profitable in the end.).
I think the general market is going to be a real drag on CENNs price, and I think taking "what you can get" may be the best thing to do.
I was afraid of exactly this, on the last day it pulls back this far making the upcoming call options too cheap worth writing, sticking me with a bunch of uncovered stock. You just never know whats going to happen on expiration, I was sure we'd see a nice 2.50 but no. Lets see if we can get a bounce next week to at least get .20 for next Fridays expiration of the 2.50s, but it does seem like the volatility and premiums have dissipated, what a shame.
both 10-Qs are being worked on and hope to be out this month, lets see. Hopefully there wont be restrictions or hoops to jump through to get us technically trading again. Business side waiting on Mexico right now.
You didnt respond to me yet and so I got impatient and bought another 1500 shares at .546, only to see it drop further, oh well, it's all good in the end.